Results of the Labat rights offer and Section 122 Announcement LABAT AFRICA LIMITED (Incorporated in the Republic of South Africa) (Registration number 1986/001616/06) (“Labat” or “the company”) ISIN Code: ZAE 000018354 Share code: LAB RESULTS OF THE LABAT RIGHTS OFFER AND SECTION 122 ANNOUNCEMENT Shareholders are referred to the SENS announcements dated 13 September 2013, 10 October 2013, and 19 November 2013 relating to the Labat rights offer circular (“the Rights Offer”) dated 23 December 2013 and the supplementary circular dated 5 May 2014. In terms of the Rights Offer, Labat offered 202 212 023 new ordinary shares (“the Rights Offer Shares”) to qualifying Labat shareholders in the ratio of 100 Rights Offer Shares for every 100 Labat ordinary shares held on the Rights Offer record date. The Rights Offer was underwritten by the controlling shareholder of Labat, Link Private Equity Proprietary Limited (“the Underwriter”). The results of the Rights Offer, which closed on Friday, 23 May 2014, are as follows: Number of % of Rights Value of Rights @ 15 rights offer Offer cents per share shares shares (ZAR) Rights Offer Shares available for subscription 202 212 023 100% 30 331 803.45 Rights Offer Shares subscribed for by shareholders 5 223 494 2.58% 783 524.10 Excess applications subscribed for by shareholders 93 300 0.05% 13 995.00 Rights Offer Shares subscribed for by the Underwriter 51 673 480 25.55% 7 751 022.00 Total 5 316 794 8 548 541.10 Labat shareholders who have subscribed for the Rights Offer are advised that: (i) share certificates will be posted to the holders of certificated Labat shares on or about Wednesday, 28 May 2014; and (ii) the Central Securities Depository Participant (“CSDP”) or broker accounts of holders of dematerialised Labat shares will be credited with the Rights Offer Shares and debited with any payments due on Wednesday, 28 May 2014 In addition to the above, in compliance with Section 122(3)(b) of the Companies Act, 2008 (No. 71 of 2008) and paragraph 3.83(b) of the Listings Requirements of the Johannesburg Stock Exchange, shareholders are advised that Link Private Equity Proprietary Limited’s direct shareholding will increase to 41.1% of the increased shares in issue pursuant to the underwriting subscription. The appropriate notification in terms of section 122(1) and 122(2) will be filed with the Takeover Regulation Panel. Johannesburg 27 May 2014 Sponsor Arcay Moela Sponsors Proprietary Limited Date: 27/05/2014 10:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.